Colorado K-12 schools to get $900M in economic aid
DENVER, Colorado” Sen. Michael Bennet says Colorado schools will get as much as $900 million in federal economic stimulus money ” enough to save the jobs of thousands of teachers.
Bennet, a Democrat and a former Denver public schools superintendent, said Wednesday the first transfer of funds to the state for K-through-12 districts will happen in 30 to 45 days.
He says $760 million of that is meant to help prevent severe layoffs and other cuts that many districts are facing due to the economic downturn.
He says another $110 million is available for programs to help disadvantaged students improve their reading and math skills.
He says the money may not prevent “every single layoff” but will help soften what otherwise would have been severe cuts.